Ethics in Business Practice: Marketing Management

Ananda Das Gupta
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Ananda Das Gupta: Indian Institute of Plantation Management

Chapter Chapter 5 in Business Ethics, 2014, pp 107-113 from Springer

Abstract: Abstract In a market economy, a business may be expected to act in what it believes to be its own best interest. The purpose of marketing is to create a competitive advantage. An organization achieves an advantage when it does a better job than its competitors at satisfying the product and service requirements of its target markets. Those organizations that develop a competitive advantage are able to satisfy the needs of both customers and the organization. Practicing ethics in marketing means deliberately applying standards of fairness, or moral rights and wrongs, to marketing decision making, behavior, and practice in the organization.

Keywords: Business Ethic; Ethical Decision; Ethic Program; Cognitive Moral Development; Integrative Social Contract Theory (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-81-322-1518-9_5

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